North America Biodegradable Plastics Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

Analysis – by Type (PLA, PHA, Starch Blends, PBS, PBAT, and Others) and End User (Packaging and Bags, Agriculture and Horticulture, Consumer Goods, and Others)


No. of Pages: 99    |    Report Code: BMIRE00028395    |    Category: Chemicals and Materials

North America Biodegradable Plastics Market
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The North America biodegradable plastics market is expected to grow from US$ 1,703.17 million in 2022 to US$ 4,904.16 million by 2028. It is estimated to grow at a CAGR of 19.3% from 2022 to 2028.

Clean Up Efforts Taken Up by the Governments is Drive North America Biodegradable plastics market

Biodegradable plastic is used as an effective alternative to conventional single-use plastics. These plastics deliver similar technical characteristics and functionalities as that of conventional plastics, along with the reduction of greenhouse gas emissions. Additionally, the biodegradable plastic industry has involved in the research and development of novel materials with improved properties, which has helped the companies to enhance their production efficiency and reduce environmental footprints. The supportive government policies for biodegradable plastics have further propelled the use of these plastics. For instance, the ASTM D6400 is the North American standard specifying that all the plastic products falling under the category of biodegradable or compostable should completely decompose in a composting setting in a specified time frame and should leave no harmful residues afterwards. Thus, such initiatives ban on the use of plastics that has resulted in an upsurge for the consumption of biodegradable plastic. The Oil spills are long-lasting environmental disasters with a wide range of impacts. The effects of oil spills can vary, ranging from minimal to serious ones, depending on the magnitude and location of the spillage. Oil can kill surface.

North America Biodegradable Plastics Market Overview

The North America biodegradable plastics market in North America is further segmented into the US, Canada, and Mexico. The growth in the region is attributed to the presence of several domestic and international players in the market. BASF SE, Eastman Chemical Company, Cargill Incorporated, and SABIC are some of the leading biodegradable plastics players in the region. In addition, the growth of biodegradable plastics is attributed to increasing environmental concerns and rising government initiatives to reduce greenhouse gas emissions, and rising government initiatives. For instance, in January 2022, the U.S. Department of Energy (DOE), announced USD 13.4 million in funding for next-generation plastics technologies to reduce the carbon emissions and energy consumption of single-use plastics. Further, several companies are also pledging to use recyclable or biodegradable packaging as their shift towards eco-friendliness. These factors are expected to surge the growth of the region's biodegradable plastics market. Moreover, the demand for biodegradable plastic is rising, owing to increasing awareness among people for environment-friendly products. Growing awareness about global warming and plastic pollution propels consumers to opt for biodegradable plastics. Biodegradable plastics substitute conventional plastics in the food packaging industry. Moreover, strict government legislation limiting conventional plastics' utilization is another factor propelling the growth of the biodegradable plastic market. Several FMCG companies are adopting biodegradable packaging to conform to the standards, which in turn, is propelling the growth of this market. BPI is North America’s premier certifier of compostable products and packaging, encouraging sustainable practices for recovering compostable materials through municipal and commercial composting. The program guarantees that products and packaging representing the BPI logo have been checked, tested, and verified according to scientifically based standards.

North America Biodegradable Plastics Market Revenue and Forecast to 2028 (US$ Million)

North America Biodegradable Plastics Market Revenue and Forecast to 2028 (US$ Million)
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North America Biodegradable Plastics Strategic Insights

Strategic insights for the North America Biodegradable Plastics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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North America Biodegradable Plastics Report Scope

Report Attribute Details
Market size in 2022 US$ 1,703.17 Million
Market Size by 2028 US$ 4,904.16 Million
Global CAGR (2022 - 2028) 19.3%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Type
  • PLA
  • PHA
  • Starch Blends
  • PBS
  • PBAT
By End User
  • Packaging and Bags
  • Agriculture and Horticulture
  • Consumer Goods
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • BASF SE
  • FKuR Kunststoff GmbH
  • Green Dot Bioplastics Inc
  • Novamont SpA
  • Kingfa Science and Technology Co Ltd
  • NatureWorks LLC
  • Mitsubishi Chemical Holdings Corp
  • Plantic Technologies Ltd
  • TotalEnergies Corbion BV
  • API SpA
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    North America Biodegradable Plastics Regional Insights

    The geographic scope of the North America Biodegradable Plastics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    North America Biodegradable Plastics Market Segmentation 

    The North America biodegradable plastics market is segmented into type, end user, and country.

    Based on type, the North America biodegradable plastics market is segmented into PLA, PHA, starch blends, PBS, PBAT, and others. In 2022, the starch blends segment registered a largest share in the North America biodegradable plastics market.

    Based on end-user, the North America biodegradable plastics market is segmented into packaging and bags, agriculture and horticulture, consumer goods, and others. In 2022, the packaging and bags segment registered a largest share in the North America biodegradable plastics market.

    Based on country, the North America biodegradable plastics market is segmented into the US, Canada, Mexico. In 2022, the US segment registered a largest share in the North America biodegradable plastics market.

    BASF SE; FKuR Kunststoff GmbH; Green Dot Bioplastics Inc; Novamont SpA; Kingfa Science and Technology Co Ltd; NatureWorks LLC; Mitsubishi Chemical Holdings Corp; Plantic Technologies Ltd; TotalEnergies Corbion BV; and API SpA are the leading companies operating in the North America biodegradable plastics market. 

    The List of Companies - North America Biodegradable Plastics Market

    1. BASF SE                    
    2. FKuR Kunststoff GmbH            
    3. Green Dot Bioplastics Inc            
    4. Novamont SpA                              
    5. Kingfa Science and Technology Co Ltd             
    6. NatureWorks LLC                                               
    7. Mitsubishi Chemical Holdings Corp               
    8. Plantic Technologies Ltd                                  
    9. TotalEnergies Corbion BV                             
    10. API SpA   
    Frequently Asked Questions
    How big is the North America Biodegradable Plastics Market?

    The North America Biodegradable Plastics Market is valued at US$ 1,703.17 Million in 2022, it is projected to reach US$ 4,904.16 Million by 2028.

    What is the CAGR for North America Biodegradable Plastics Market by (2022 - 2028)?

    As per our report North America Biodegradable Plastics Market, the market size is valued at US$ 1,703.17 Million in 2022, projecting it to reach US$ 4,904.16 Million by 2028. This translates to a CAGR of approximately 19.3% during the forecast period.

    What segments are covered in this report?

    The North America Biodegradable Plastics Market report typically cover these key segments-

    • Type (PLA, PHA, Starch Blends, PBS, PBAT)
    • End User (Packaging and Bags, Agriculture and Horticulture, Consumer Goods)

    What is the historic period, base year, and forecast period taken for North America Biodegradable Plastics Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Biodegradable Plastics Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2028
  • Who are the major players in North America Biodegradable Plastics Market?

    The North America Biodegradable Plastics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • BASF SE
  • FKuR Kunststoff GmbH
  • Green Dot Bioplastics Inc
  • Novamont SpA
  • Kingfa Science and Technology Co Ltd
  • NatureWorks LLC
  • Mitsubishi Chemical Holdings Corp
  • Plantic Technologies Ltd
  • TotalEnergies Corbion BV
  • API SpA
  • Who should buy this report?

    The North America Biodegradable Plastics Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Biodegradable Plastics Market value chain can benefit from the information contained in a comprehensive market report.

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